Scott to American Families on Tax Reform: Our Focus Is On You
Washington – U.S. Senator Tim Scott (R-SC) participated in a Tax Reform Town Hall Debate alongside Senators Ted Cruz (R-TX), Bernie Sanders (I-VT) and Maria Cantwell (D-WA) on CNN last night, taking a wide variety of questions from Americans on different components of the Senate Tax Reform package.
In his closing argument, Scott spoke directly to the American people, letting them know that “our focus is on you, and that’s where it should be.”
Full Transcript of Scott’s Closing Statement
To the single moms out there…to the business owners…the college students, we see you. We know that tax reform is not an exercise for Washington. It is an opportunity for us to reward, and not punish, hardworking Americans by helping them keep more of their paycheck.
Every bracket under our tax reform package gets a tax cut.
Typical American families earning around $73,000 a year have a 60% cut. Single moms making $41,000 a year, a 75% cut.
We nearly double the standard deduction for singles to $12,000, for single head of households to $18,000, [and] two income households to $24,000. We double the child tax credit.
Our focus is on you, and that’s where it should be.